Dollar Tree on Wednesday reported increases in its sales and profit for the fourth quarter, but its results missed Street expectations.
The discounter’s net income more than tripled to $1.04 billion for the quarter ended Feb. 3 from $321.8 million in the year-ago period, boosted by a $562 million
non-cash benefit related to the recent tax overhaul.
Net sales rose 12.9% to $6.36 billion, just missing Street estimates
of $6.40 billion. Same-store sales rose 2.4%. Adjusted same-store sales
rose 2.5%, lower than analysts had expected.. . . more